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It is taxable in Minnesota, your home state. Your home state would normally give you credit for taxes paid to another state. The transaction would have been taxed in Nevada - but as you probably know - Nevada does not have an individual state income tax. (I know exactly how you feel - I will be paying tax to my home state for a sale of my "investment" property in Florida! I agree - it does not feel fair)
It is taxable in Minnesota, your home state. Your home state would normally give you credit for taxes paid to another state. The transaction would have been taxed in Nevada - but as you probably know - Nevada does not have an individual state income tax. (I know exactly how you feel - I will be paying tax to my home state for a sale of my "investment" property in Florida! I agree - it does not feel fair)
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